CME and CFTC Clash Over On-Chain Perpetual Futures
The CME Group, the largest derivatives exchange operator in the US, is locked in a bitter dispute with its regulator, the Commodity Futures Trading Commission (CFTC), over the introduction of blockchain-based perpetual futures products. The CFTC's decision to allow the listing of these products, also known as 'perps', has been met with resistance from the CME, which claims that the regulator is m…